By AMB Crypto - 3 months ago - Reading Time: 4 minutes
CorgiAI and dogwifhat lose big as $GFOX presale gains momentum
The altcoin market took a heavy hit following the recent $BTC flash-crash based on Matrixport FUD, with several coins in the Top 100 seeing double-digit losses. But some of the worst-affected coins were high volatility memecoins that have recently made news for creating a few overnight millionaires. While these coins can pump in the good times, they can be particularly brutal during market setbacks – particularly coins with little or no utility aside from being funny internet memecoins.
$CORGIAI and $WIF are good examples of that, while $GFOX fits in another category of memecoing with serious utility and strong tokenomics. The declining tokens are losing investors’ trust, as they believe $GFOX is among the best cryptos to invest in during this period.
Galaxy Fox ($GFOX): Defies Market Downturn and Continues Upward Rally
If you think $GFOX presale is big at the moment, wait till a few months. Market analysts believe Galaxy Fox ICO will take a more exciting turn soon as it exits its 6th presale phase. The ERC-20 token’s presale price could go up alongside its adoption rate. This will increase the money raised and make the competition to join Galaxy Fox presale fiercer.
Many have dubbed the meme coin the next altcoin to blow in the meme ecosystem, as the sector targets incredible improvement compared to the previous year. $GFOX utility in the web3 sector may also improve its bullish potential when it launches on retail exchanges. Galaxy Fox has sold over 85% of its 3.5 billion presale volume, raising $2.4+ million while at it. The buzzing meme coin is expected to double this value before the end of its last presale stage.
Galaxy Fox is community-focused, ensuring every member of its ecosystem earns either via its P2E web3 game, staking or by holding the $GFOX token. The project developers have put mechanisms like token burn in place to maintain the value of the deflationary token and prevent volatility as much as possible. Galaxy Fox is one of the best cryptos to invest in now due to its promising outlook and reduced loss potential.
CorgiAI ($CORGIAI): AI-Focused Crypto Suffers 50% Price Drop
CorgiAI hopes to leverage the budding prominence and increasing adoption of AI to make a name in the crypto space. However, this hasn’t gone as planned. The community-centered crypto project has been unable to live up to its objectives. This reflects in its native token’s, $CORGIAI, performance.
The cryptocurrency had a quiet market stay in the previous year until the second month of the last quarter when it began an upward rally and sustained it towards the end of the year. $CORGIAI set a $0.0035 all-time high within this period, but it’s now over 50% down from the price region. The altcoin has decreased by 40% in the last seven days, making it one of the biggest losers.
The AI-token market sentiment is bearish, and its trading volume decreases daily. Analysts are convinced that the $GFOX presale is an excellent alternative for the altcoin. However, they do not disregard the possibility of $CORGIAI bouncing back again. The altcoin could return to its all-time high again, but indicators suggest it may take a while.
Dogwifhat ($WIF): Budding Dog-theme Token Struggling Against Top Meme Coins
The meme sector houses many tokens, especially dog-theme ones like $WIF. This makes it harder for it to thrive in the heavily saturated space. Uniquely themed meme coins like $PEPE, $GFOX, and others usually stand more chances of gaining users’ attention than dog-theme ones. This could be one of the issues with $WIF. The meme coin reached its lowest market price two days ago, after setting a $0.3313 all-time high about two weeks earlier.
$WIF trades around $0.09 currently, and current sentiment suggests it may even go below its $0.08 all-time low. However, altcoin could leverage its community-backing, fun side, and meme appeal to gain investors’ consideration. This could contribute to its value increase and help it gain the momentum it needs to break out from its present condition. The market is expected to improve as Q1 nears its end, and $WIF could find the period favorable.
Conclusion
While other cryptocurrencies struggle to find feet in the market,$GFOX is the perfect alternative to $CORGIAI and $WIF, which are now suffering from harsh volatility swings due to their lack of utility. Meanwhile, $GFOX is on a steady upward trajectory and offers far better long-term prospects as a serious contender in the ecosystem. Best to invest early while it’s still in presale, as this token is likely to appreciate quickly once it hits retail exchanges.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
Disclaimer: This is a paid post and should not be treated as news/advice.
Original source: AMB Crypto